CHINA-HAINAN-HAIKOU-CICPE-OPENING (CN)

CHINA-HAINAN-HAIKOU-CICPE-OPENING (CN)

(230410) -- HAIKOU, April 10, 2023 (Xinhua) -- Zhang Xiangchen, deputy director-general of the World Trade Organization, makes a video speech at the opening ceremony of the third China International Consumer Products Expo (CICPE) in Haikou, capital city of south China's Hainan Province, April 10, 2023. More than 3,300 high-quality brands from home and abroad have gathered at the third CICPE, which kicked off Monday in Haikou. (Xinhua/Wang Zecong)

WTO official eyes smooth transition of Bangladesh graduating from LDC

STORY: WTO official eyes smooth transition of Bangladesh graduating from LDC DATELINE: March 13, 2023 LENGTH: 0:03:39 LOCATION: Dhaka CATEGORY: ECONOMY SHOTLIST: 1. various of "Bangladesh Business Summit 2023" 2. SOUNDBITE (English): ZHANG XIANGCHEN, Deputy director-general of World Trade Organization STORYLINE: Bangladesh is set to graduate from its status as a Least Developed Country (LDC) in 2026. Zhang Xiangchen, deputy director-general of the World Trade Organization (WTO), on Saturday told Xinhua, "We, the WTO, will help Bangladesh to achieve the smooth transition from now to 2026." The United Nations (UN) General Assembly in 2021 approved a resolution to allow Bangladesh to graduate to the developing country grouping from the LDC category 45 years after it was included in the category. The UN committee recommended that the country should get five years, instead of three, to prepare for the transition due to the impact of COVID-19 on its economy. Bangladesh has met, for the second time, all three

Digital trade new growth driver for BRI countries

STORY: Digital trade new growth driver for BRI countries DATELINE: Sept. 7, 2022 LENGTH: 00:01:31 LOCATION: Beijing CATEGORY: ECONOMY/TECHNOLOGY SHOTLIST: 1. various of the 2022 CIFTIS 2. various of digital economy 3. various of BRI countries STORYLINE: At the just-concluded 2022 China International Fair for Trade in Services (CIFTIS), experts pointed out that digital technology has become a new growth engine for countries and regions involved in the Belt and Road Initiative (BRI). A report entitled "Digital Trade: Development and Cooperation" was released at the CIFTIS. It shows that the global cross-border trade in digital services exceeded 3.8 trillion U.S. dollars in 2021, accounting for 63.6 percent of the total trade in services. China's digital trade is developing rapidly, with its total imports and exports of digital services growing 22.3 percent year-on-year in 2021 to reach 359.69 billion U.S. dollars. Zhang Xiangchen, deputy director-general of the World Trade Organization, said digitaliza